Fastlink Sees Strong Investor Demand in Second Bond Offering
Fastlink, known for its aggressive expansion in Lithuania‘s telecommunications sector, is seeking to raise €3 million through a public offering of three-year bonds. This latest round of funding follows a successful bond issuance earlier this year, showcasing the company’s growth trajectory.
Investors can readily invest via financial brokerages and banks, with a minimum investment starting at €1,000. The bonds carry an attractive 9% interest rate, paid quarterly. Distribution kicks off on November 29th, concluding December 18th.
A Guaranteed Investment Opportunity
Setting this bond issue apart, it’s backed by a €1.5 million guarantee from Lithuania’s leading development bank, ILTE. This unique feature offers investors added security, as ILTE will compensate investors in the unlikely event of Fastlink’s insolvency. Milda Kutraitė, Senior Project Manager of ILTE’s Direct Loan Products and Grants Department, emphasized that, besides ensuring investor confidence, this guaranteed bond model could pave the way for broader market adoption.
Strong Investor Response
The company behind Fastlink, Consilium Optimum UAB, has built a solid reputation in the market, as evidenced by the overwhelming demand generated for its previous bond issuance. Mykantas Urba, financial manager of Orion Securities, commented, reminiscing about the previous bond raising €5 million, with investor demand exceeding supply by 1.3 times.
Strategies for Continued Growth Underpinning this confidence are Fastlink’s impressive financial results. Engaging innikomber meaningful plans, it’s no surprise that Fastlink seeks further capital to fuel further expansion and technological advancements.
in the installation of a new tender offer
Along with network upgrades, securing longer-term contracts with a 97% customer renewal rate. This indicates the high level of satisfaction among Fastlink’s customer base, which is crucial for sustainable growth. The company leverages its investment in its existing infrastructure, anticipating continued growth.
Fiber Optic Leader
Consilium Optimum’s growth plans come as no surprise given the increasing market share it is capturing in the Lithuanian fiber optic market. According to industry reports